If you'd like to pay off a loan soon, consider using the bi-weekly payment strategy.
By sending half of your payment every two weeks, you could save significant amounts of money. This calculator shows you how much.
If you're able to make bi-weekly payments, you'll end up making the equivalent of one extra monthly payment on your loan during a year. That means you can pay off your loan quicker and save money by avoiding interest charges.
All calculators and tools are supplied as a courtesy only. HawaiiUSA Federal Credit Union is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The output of the tools and calculators may vary with each use and over time. Please remember that the calculators and tools are not intended to replace the advice of qualified professionals, and you should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate.